RLGY Trade on Aug 11, 2014 09:54 from eliezer_BOWS: Tradervue User Stock Trades.

Flag broke the way I thought it would. I missed the first spike, then got stopped out. Good thing I had a stop set where I did...
Was this stock too extended on the daily to expect a gap up and flag to play out to the long side?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-08-11 09:54:29	RLGY	buy	$40.130	long
2014-08-11 10:24:38	RLGY	sell	$40.110	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RLGY&trade=1241035&end=20140910&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RLGY&trade=1241035&end=20140811124438&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RLGY&trade=1241035&end=20140811104438&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=RLGY&trade=1241035&end=20140811111438&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Sayed

2014-08-11 18:49:54

yes it was.

Mari_BOWS

2014-08-11 19:27:36

The "spike" was only 10 cents. Just pointing it out.

eliezer_BOWS

2014-08-11 19:43:43

Thanks Sayed. Good point Cinderella. Bad entry aside, as Sayed says, I should have sold part at 40.22 and raised stop to buy price, had I done that I would have covered commissions and gotten out flat. Great learning experience! Thanks

Kelly-Ann_BOWS

2014-08-11 21:53:52

One thing I notice is the red candle's volume right before your entry. That large red candle would have made me not enter for a short vs. a long.

eliezer_BOWS

2014-08-11 22:02:47

Thanks Kelly-Ann!
I'm really getting beaten up on this trade, LOL! But I sincerely appreciate the helpful comments, it is amazing to get constructive feedback.

RLGY Trade on Aug 11, 2014 09:54 from eliezer_BOWS: Tradervue User Stock Trades.

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